How Much Does It Cost to Own a Studio in NYC? (May 2022)

Welcome to my newest series “How Much Does It Cost to Own”! First up – how much does it cost to own a studio in NYC!

Each month, we’ll be looking at different sized apartments to get a sense of what the “median” apartment in either Manhattan or Brooklyn would cost. Over time, as we loop through each property type, we’ll start to be able to see if prices are trending upwards or downwards. But most importantly, this series should give you an idea of whether or not you’re in the “ballpark” for the kind of apartment you might want! 

Keep in mind that these figures represent the median for all building types. So coops, condos, walkups, elevators, doorman and non-doorman, full amenities, no amenities – they’re all looped in together. 

So let’s get to it! Numbers below were calculated using real time stats from Urban Digs for the month of May 2022.

Infographic showing how much it costs to own a studio in NYC, in Manhattan specifically
Infographic showing how much it costs to own a studio in NYC, in Brooklyn specifically

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